This really does look very, very nice. Few oddball things, though:
What shape is the lantern? I know you tried to make it look like the Minish Cap one, but, it is just a rather amorphous shape that definately doesn't look lantern-like. Also, the way you're having it light up is a bit awkward, it looks like it has a translucent screen over it, although this bit isn't that distracting, it's mostly the odd shape.
The Roc's Feather looks like half a popsicle. Unless that is the left half of a popsicle that I'm mistaking for the Roc's feather, it could use a stripe.
Also, what are you using the Hawkseye for? This is a 2D game, right?